A trio of bond awards at GlobalCapital Asia Awards 2021
At the Asia Awards 2021, GlobalCapital brought out the best of deals in Asia while highlighting the growing ability of banks to adapt to unprecedented circumstances in 2021. Crédit Agricole CIB was recognised with three awards: Best Bond, Best SSA Bond and Best Financial Bond.
Combining capabilities, product knowledge and unparalleled execution, our Debt Capital Markets team in Asia-Pacific enabled our clients to diversify their funding sources by tapping the bond market, offering them flexibility in meeting their financing needs.
Best Bond & Best SSA Bond awards for Indonesia's $1.25 billion and €500 million Sustainable Development Goals (SDG) bonds
The Republic of Indonesia has long been regarded as one of Asia’s savviest bond issuers. In 2021, it has further cemented this reputation. The sovereign made a few opportunistic returns to the international market last year, particularly in September 2021 with a $1.8 billion equivalent dual currency deal tied to the United Nations’ SDG.
It put together an SDG framework which is the first globally to be verified by Cicero Shades of Green and the International Institute for Sustainable Development (IISD) and which integrated social and blue aspects with Indonesia’s previous green framework. The transaction was the first SDG conventional bond from an Asian sovereign issuer.
Crédit Agricole CIB acted as a Joint SDG Structuring Advisor, a Joint Lead Manager and a Joint Bookrunner.
Best Financial Bond award for AIA’s €750 million 12 non-call 7-year tier two bond
AIA, the largest pan-Asian life insurer, has printed its debut trade on the euro market, as an alternative funding source offering a meaningful investor diversification and including regulatory capital at attractive levels.
This bond issuance is part of AIA’s plans to gradually replace its senior debt with subordinated tier two capital, following the implementation of the group-wide supervisory framework in Hong Kong, a local regulatory regime for insurers in March 2021. The issuance attracted phenomenal oversubscription which ensured good secondary performance, underlining AIA’s unique market positioning and offering insurers a new benchmark in euros.
Crédit Agricole CIB acted as a Joint Bookrunner.